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Worldwide revenue for sensors and MEMs in 2019 is expected to reach $20 billion. This is a 12 percent increase over 2018. Growing at a compound annual growth rate of 8 percent over the next five years, combined these two segments should reach a worldwide revenue total of nearly $31 billion by 2024. While many of the other component markets are struggling due to the US trade war with China, sensors have been somewhat immune as they are used in automotive and industrial applications outside of the region.